Analyst Predicts DIA Token’s Surge Toward $4.74659 with 474% Upside Potential

• DIA’s breakout from a descending wedge signals strong bullish momentum, with a target of $4.74659.
• Technical indicators suggest DIA’s upward trend could continue, though short-term retracements near $1 are possible.
• High trading volume and a bullish MACD crossover show strong buying interest, supporting DIA’s climb toward $4.74659.

Crypto analyst JavonTM1 recently shared insights on X, highlighting DIA’s impressive climb toward a target of $4.74659. DIA, a decentralized data oracle token, has seen notable price movement following its breakout from a prolonged bearish trend.

According to JavonTM1, the asset could experience an additional 474% upside. DIA’s recent performance suggests a shift in market structure, signaling a potential long-term bullish trend for the token.

Breakout from a Long-Term Bearish Trend

DIA’s price movement since 2021 formed a descending broadening wedge pattern. This pattern, seen as a key indicator of a trend reversal, was confirmed when the asset broke out of it around mid-2023. 

Since then, DIA has been on a steady climb, forming higher lows and higher highs. This new bullish momentum indicates sustained buying pressure and increased market interest. DIA’s current price of $0.7856 shows substantial room for growth as it moves toward its next resistance level.

Critical Resistance and Support Levels

The main resistance level analysts are eyeing is $4.74659, a potential target based on historical data. However, DIA faces intermediate resistance at key psychological levels like $1. Despite the bullish trend, the token could experience pullbacks, particularly as it approaches these resistance zones. 

On the downside, DIA has bounced off the $0.18 support level twice in 2023, marking it as a strong foundation for any future retracements. Additionally, a secondary support level at $0.5 could act as a retesting zone if needed.

Technical Indicators Show Strong Momentum

At press time, DIA was trading at $0.8199, up by 37.30% in the past 24 hours. Trading volume remains high, with over 10 million tokens exchanged, reflecting significant buying interest. 

The RSI has reached 69.37, near overbought territory, suggesting possible short-term consolidation or retracement. Furthermore, the MACD shows a bullish crossover, confirming upward momentum.